U.S. Debt Ceiling – A Handy Chart and Top Myths

While the US Congress and White House are still struggling to reach a debt deal, many are still trying to understand what is “Debt Ceiling”. Here is an infographic from the folks at mint.com explaining the debt ceiling and the consequences of not raising it.

And while they are working hard trying to shape the message and public opinion, there may be some messages that are less than 100% accurate. Clarify these messages at Top Myths on the US Debt-Ceiling Crisis from the Financial Post.